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As per Indian Trusts Act, 1882, a Trust has been defined as an entity, being established with an obligation annexed with the ownership of property and the same arises out of confidence reposed in and accepted by the owner, for take the advantage of trust himself, or for another and himself.
Following list of documents which 1 should have for Trust Registration:
The following elements are essential for the formation of a Charitable Trust:
As per Section 6 of The Indian Trusts Act, 1882 a Trust is formed when the Author of the Trust indicates with reasonable certainty by any words or acts the following:
A trust can be established by:
It also depends on the law in effect at the time and the specific time to which the author of the trust may intend to dispose of his property.
below is step which we required to take for Trust Registration in India:
In order to form a non-public Trust, the foremost requirement is of an Author who is required to express with reasonable certainty, an intention to form a Trust.
A Trust is also declared either by words, spoken or written or by acts. Where a Trust is declared by Trust words, the language used must be clear enough to point out an intention to make a Trust.
For this, no formal language is required, in order to constitute a good declaration of Trust, however, the language must make it clear that:
According to Section 5 of the Act, whenever it relates to:
A Trust are often formed by words or act and there’s no requirement for a trust deed.
However, it is desirable to have a trust deed. When a non-public Trust pertains to an immovable property a written and executed trust deed is important and shall also require to be registered except where the Trust is made by a will. Just in case of charitable trust immovable property, a written trust deed need not be mandatorily registered,
Charitable Trusts are formed in India for one or more of the subsequent reasons:
Conclusion
The word “trust” refers to a legal entity that fulfills society’s needs. Register a Trust if you want to also contribute to a social cause. Even though the process of forming a trust appears simple, preparing the necessary documentation for Trust Registration can be a challenging task.
As a consequence, obtaining legal advice from a firm like RJA experts is a wise decision. Not only will our expert assist in the drafting of the required documents, but he will also assist in the formation of the Trust Deed.
Hope the information will help you in your Professional endeavors. For help, contact: singh@carajput.com or call at 9555555480
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